II Editor
20 Oct 2016
NEW ARTICLE: A stock in one chart: Has Barratt peaked? " Shareholders in housebuilding companies have done very nicely over the past few years. They have experienced sharply rising share prices and bumper dividends as the sector's profits have soared.With considerable assistance from the government's ..."[link]
coldingham
19 Oct 2016
Re: Thoughts on Finals See my thoughts posted Dec 1915If only all my investments produced results like thisI bought more on the Brexit dip, don't suppose that chance will be along again soon.But then, Interest Rate rise in 2017?
Boring Bernie
19 Oct 2016
Thoughts on Finals So, we had a trading update a couple of months ago and I reckoned we'd be looking at growth in eps of 30 odd percent, and it actually came in at up 42% to ~325p.Given what they've said about current trading and the outlook, I doubt we can expect that sort of growth for the current FY, but I wouldn't be surprised to see 20 to 25% growth for 2016/17.The sp is up roughly 15% since the trading update ( it's currently a gnats whisker under £25 ), so some of the good news is already in the price, but, barring something major happening to effect house sales, I can see the sp pushing historic highs again in the next six months or so.If it gets back over £28 before Christmas I might sell a few and buy the missus some chocolates .. or someth
II Editor
30 Sep 2016
NEW ARTICLE: Stockwatch: This blue-chip's a 'choice pick' " Consider this irony of a housebuilder. Despite a non-executive director buying 25,000 shares at 197p a fortnight before, LSE:TW.:Taylor Wimpey traded at just 182p at the start of 2016 on analysts' forecasts of £606/£696 million normalised ..."[link]
Boring Bernie
05 Aug 2016
Trading Update Basically it's pretty much business as usual. The numbers are pretty impressive and are likely to give eps growth of >=30%, but it's probably the statement"Since the result of the EU referendum, there has been some modest caution from a small number of visitors to our developments at the higher value end of the London market, where Bellway has only limited exposure. Overall, visitor numbers are still strong and the cancellation rate remains at a historic low."which will settle investors nerves here.
KEEPING CALM MIKE
24 Jun 2016
BREXIT BREXIT disaster has rocked this stock, over done. Housing is still in shortage and new homes will be required for the next generations.K.C.M.
Simbr
10 Jun 2016
finding momentum "Bellway continued its growth momentum and performed strongly in all key metrics. The company recorded robust sales, which is reflected by a surge in the weekly reservation rate. Bellway benefitted from the favourable housing market and consumer demand, and was well supported by availability of affordable mortgage finance. The introduction of ‘Help to Buy’ scheme eased the burden of customers to purchase new homes. Customer confidence remained strong, with a low cancellation rate of 11%. Bellway plans to invest the proceeds from the sale of Barking Riverside in additional land opportunities to generate high returns and enhance shareholder wealth. Going forward, the company plans to open a 19th operating division in the North of England in the first half of the next financial year. The company remains on track to meet expectations for the full year, aided by solid forward sales position and a rise in the average selling price." Beaufort note out this morning, taken from Research Tree
Simbrad
10 Jun 2016
"Bellway continued its growth momentum and performed strongly in all key metrics. The company recorded robust sales, which is reflected by a surge in the weekly reservation rate. Bellway benefitted from the favourable housing market and consumer demand, and was well supported by availability of affordable mortgage finance. The introduction of ‘Help to Buy’ scheme eased the burden of customers to purchase new homes. Customer confidence remained strong, with a low cancellation rate of 11%. Bellway plans to invest the proceeds from the sale of Barking Riverside in additional land opportunities to generate high returns and enhance shareholder wealth. Going forward, the company plans to open a 19th operating division in the North of England in the first half of the next financial year. The company remains on track to meet expectations for the full year, aided by solid forward sales position and a rise in the average selling price." Beaufort note out this morning, scraped off of research Tree
Boring Bernie
09 Jun 2016
Trading Update From this morning's update it still looks like underlying eps should grow by about 30% for the FY, with more to come.
Boring Bernie
01 Apr 2016
Re: The share that keeps on giving Actually, my slide rule was off by quite a bit, it's just under 30% growth in eps not 50%.So that's 295p as a forward eps, or ~11 times the current sp so £30 is realistic in the next 12 months, but £37 is probably two or three years off yet*hangs head in sham
Boring Bernie
01 Apr 2016
Re: The share that keeps on giving It's moved on a bit since I last posted Mike.The figures in the Interims suggest a growth in eps for the full year of just under 50%, which means we could well be sat on a forward eps of ~335p come year end, which is just under 8 times earnings at the current sp of ~ £2611 times earnings would see you at something pretty close to £37.One thing at a time though, I'd like to see the sp over £30 in the next few months.I'm adding occasionally on any weakness
KEEPING CALM MIKE
01 Apr 2016
Re: The share that keeps on giving yeh Bernie, and forward p/e of say an undemanding 11 gives a £31 to £33 price target . Sitting on my hands there could be more fun to come. K.C.M.
KEEPING CALM MIKE
01 Apr 2016
wow like Jeffs PRICE TARGET !! Jefferies International today reaffirms its buy investment rating on Bellway PLC (LON:BWY) and raised its price target to 3758p (from 3647p).
KEEPING CALM MIKE
10 Feb 2016
Re: Trading up date Todays trading up dates are good reading, the the shares have held up well with the recent downturn and the footsie reaching a 3 year low yesterday, Bellway to me are as safe as HOUSES !!!!
Nige the snake
10 Feb 2016
news [link]
